Who’s got the lowest Bitcoin fees to transfer Bitcoin. I just got ripped off by exodus so I need a new wallet.
Who’s got the lowest Bitcoin fees to transfer Bitcoin. I just got ripped off by exodus so I need a new wallet.
Bitcoin ATM at the D Hotel in downtown Las Vegas, Nevada - January 14th 2021.
if the dude's looking for the lowest bitcoin transfer fees, a btc ATM ain't gonna be the place to find it.
Yeah, it's the network. Don't bother trying to switch wallets to avoid this.
The fees go to the bitcoin miners, who also process your bitcoin transactions. The higher the trading activity, the higher the fees.
The bitcoin block size is 1 MB, which means that miners can only confirm 1 MB worth of transactions for each block. This occurs once every 10 minutes. If the number of transactions waiting to confirm exceeds what can fit in 1 block, the transactions confirm in the order of who is willing to pay the highest mining fees -- something you can set yourself on wallets like blockchain.com.
Some simpler wallets simply automatically set the fees to what they need to be in order to process in a timely fashion.
The fees also aren't directly correlated with the amount of BTC sent, so small transactions will get screwed the worst, percentage-wise.
This is one of many reasons BTC itself will never gain mainstream usage.
You’ve got to be kidding me they charged me 20$ on a 110$ transfer lol. My transfers last week were 6$. I know the prices have sores for transfer fees but that seemed excessive.
Thanks for the information everyone, I’m new to Bitcoin
Mempool has been high and stayed high since the start of the year. Don't cheap out on transaction fees when the mempool is high, unless you're in no hurry to get your transactions confirmed.
https://www.blockchain.com/charts/mempool-size
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I appreciate the help! I’m still pissed I lost 20$ for nothing.
If you send with a lower transaction fee, you can use an accelerator to speed it up if it is not being confirmed.
shits crashing officially dd
I showed this thread to my friend that works are a gov office and they rolled their eyes and I asked why? They said they make a lot of fraud arrests connected to Bitcoin. I didnt get additional details, but this person is legit. Does this sound logical to you guys in the know?
Last edited by desertrunner; 01-17-2021 at 04:46 PM.
Last edited by desertrunner; 01-17-2021 at 06:20 PM.
did you really pull out your obamaphone and show PFA to whoever works at the place where retards get disability checks?
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